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AXA XL, a prominent division of AXA Group, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Established in 1986, the company has evolved into a leading provider of insurance and pension funding services, excluding compulsory social security services.
Specialising in property, casualty, and specialty insurance, AXA XL distinguishes itself through innovative risk management solutions tailored to diverse industries. The firm is recognised for its robust underwriting capabilities and commitment to client service, positioning it as a trusted partner in the insurance landscape.
With a strong market presence, AXA XL has achieved notable milestones, including significant growth in its global operations and a reputation for excellence in complex risk coverage. Its dedication to delivering unique, client-focused solutions continues to solidify its status as a key player in the insurance sector.
74
DitchCarbon score
+35 vs industry average
Axa Xl’s score of 74 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Insurance Services is among the least carbon-intensive industries
Industry performance
0.058
20182025
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Axa Xl's reported carbon emissions
AXA XL, an insurance and pension funding services provider headquartered in the US, reported global carbon emissions of approximately 37.1 million kg CO2e in 2024. This figure includes about 911,000 kg CO2e from Scope 1 emissions, approximately 4.0 million kg CO2e from Scope 2 market-based emissions, and around 32.2 million kg CO2e from Scope 3 emissions.
In 2023, AXA XL's total emissions were approximately 39.1 million kg CO2e, comprising about 764,000 kg CO2e from Scope 1, around 4.3 million kg CO2e from Scope 2 market-based, and approximately 34.0 million kg CO2e from Scope 3. This represents a decrease in total emissions from 2023 to 2024.
AXA XL's climate commitments include a target to decrease the carbon footprint of AXA's general account assets by 20% by 2025. This near-term, absolute reduction target for Scope 1 emissions commenced in 2023 and is cascaded from its ultimate parent, AXA SA.
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Axa Xl’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from AXA SASee details
Active
Carbon Disclosure Project
Inherited from AXA SASign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from AXA SASee details
Not active
RE 100
Inherited from AXA SASee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Axa Xl19 days ago
74
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